Archive

  • The ORSA gallops around the world

    14 January 2014

    Common in concept, but implemented according to local taste, the own risk and solvency assessment (ORSA) has become a global tool for risk management and supervision. Eamonn Phelan and Padraic O'Malley document the spread of ORSA reporting

  • "The year regulatory capital was de-emphasised"

    24 December 2013

    Milliman's Neil Cantle and Elliot Varnell share their thoughts on 2013 and prospects for 2014

  • Critical week for Solvency II's future

    12 November 2013

    Six-hour meeting scheduled for 13 November

  • Milliman hires ex-Skandia trio to run Stockholm ALM office

    11 November 2013

    Former CRO Steve Hardwick among recruits

  • Technology Guide 2013-14: vendors react to Solvency II delays

    29 October 2013

    Both users and vendors of risk management systems have faced difficult decisions as a result of the further delay in Solvency II implementation. We look at the opportunities and problems created by this and issues such as: do faster systems have to be more complex, as well as more expensive, and will vendors offer more transparency into their models?

  • Early warning indicators need further refinement

    04 October 2013

    The UK's Prudential Regulation Authority is currently trialling the use of early warning indicators (EWIs) to monitor the outputs from insurers' internal models. With plans to extend their application across Europe, Russell Ward, Eoin O'Byrne and Lyndsay Wrobel examine how EWIs might perform in practice – and find there is room for improvement

  • Hopes build for better treatment of infrastructure investment under Solvency II

    27 September 2013

    Infrastructure investments provide a great match for insurers' liabilities, but Solvency II's crude view of the investment risk means money is not flowing as fast as it could. Milliman and JP Morgan Asset Management set out the justification for a review

  • Solvency II readiness assessment tool launched

    10 September 2013

    Milliman product aims to support compliance and planning for the new regime

  • Why big data is a big deal

    17 July 2013

    It's often said that insurance will be one of the many industries to benefit from the big data revolution. Peggy Brinkmann and Nancy Watkins break down the buzzwords and explain the techniques insurers can use to improve their risk analysis, detection of claims fraud and marketing

  • Phoenix breathes new life into its actuarial systems

    03 July 2013

    The UK closed-fund consolidator has replaced its myriad modelling systems with just one, in a huge three-year project that is said to have been on time and on budget. For Phoenix, the project was not only operationally necessary; it was a strategic imperative. InsuranceERM explains